Oct 22 (Reuters) - The S&P 500 closed at its highest in two
months on Thursday as stronger-than-expected earnings from
several top companies, including McDonald's, relieved investors'
concerns about the profit outlook.

Adding to the day's optimism, ECB President Mario Draghi
said the bank could extend its stimulus program beyond 2016 to
boost euro zone growth and boost inflation closer to 2 percent.

McDonald's shares jumped 8.1 percent to $110.87,
giving the Dow its biggest boost, after its quarterly results
beat estimates as demand recovered in China.
EBay rose 13.9 percent to $27.58 after it reported
better-than-expected results late on Wednesday.

Dow Chemical rose 5.1 percent to $49.92 after its
results, while the S&P materials index jumped 2.8
percent and led the S&P sector gains along with the industrials
, also up 2.8 percent.

In another sign of diminished concerns, the CBOE Volatility
Index - the market's favored barometer of volatility -
closed at a 2-month low.
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